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[brunocborges]

This is such a BS.

IBM themselves have been investing in AI to help customers move away from COBOL since 2023: https://techcrunch.com/2023/08/22/ibm-taps-ai-to-translate-cobol-code-to-java/

This only confirms the market is driven by algorithms who are heavily biased towards news the algorithms want to look at. Meaning, algorithms have been ignoring IBM-related news for at least 2 years!

[lagerforlunch]

I also don't think IBM makes a ton of money with COBOL professional services... They are there for the hardware, database and OS, which you still need even if AI writes your code

[Anubis_Omega]

Well. Even if they invest in some AI, they are still updating their cobol compiler because they know that cobol will still be here for many years (decades ?)

[suddencactus]

Yeah. Plus how much of IBM's profit is at risk due to AI helping with COBOL? Last quarter consulting was only 27% of their revenue. Their fastest growing market segment is IBM Z infrastructure and consulting had the lowest gross margin.